SHIB Price Analysis for January 9
Analysis
Price Impact
MedThe analysis suggests shib is breaking local support at $0.00000866, with potential declines to $0.00000850, $0.0000080, and even $0.0000070 if bearish pressure continues and weekly closure is unfavorable. this indicates a moderate negative impact on price.
Trustworthiness
MedThe analysis is based on technical indicators and chart patterns provided by u.today. while it offers a structured technical view, it's an opinion piece and not financial advice, inherent with market uncertainties.
Price Direction
BearishThe price direction is bearish as shib is breaking crucial support levels on hourly and longer time frames. a close below $0.00000866 could lead to a test of $0.00000850, with further downside potential to $0.0000080 by week's end and $0.0000070 by month's end if sellers maintain pressure.
Time Effect
ShortThe analysis points to immediate declines ('soon') and potential movements 'by the end of the week', with further implications 'by the end of the month'. the primary impact is expected in the short term.
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Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Read U.TODAY on Google News Bulls are not going to give up so easily, and most of the coins have come back to the green zone, according to CoinMarketCap . Advertisement Top coins by CoinMarketCap SHIB/USD The rate of SHIB has risen by 1.05% over the last 24 hours. Image by TradingView On the hourly chart, the price of SHIB is breaking the local support at $0.00000866. If the daily bar closes below that mark, the decline is likely to continue to the $0.00000850 area soon. Image by TradingView On the longer time frame, the situation is also bearish. The rate of SHIB is coming back to the support level at $0.00000858 formed by its false breakout. You Might Also Like Wed, 01/07/2026 - 16:35 Bitcoin (BTC) Price Analysis for January 7 By Denys Serhiichuk If sellers' pressure continues, traders may witness a test of the $0.0000080 zone by the end of the week. Image by TradingView From the midterm point of view, one should focus on the weekly bar's closure. If it happens around the current price or below, sellers may seize the initiative, which may lead to a drop to the $0.0000070 range by the end of the month. SHIB is trading at $0.00000872 at press time. #Shiba Inu (SHIB) Price Prediction